NZX Limited — Capital/Financing Update 2018

Nov 22, 2018

APPENDIX 7 – NZSX Listing Rules

EMAIL: announce@nzx.com

Notice of event affecting securities

NZSX Listing Rule 7.12.2. For rights, NZSX Listing Rules 7.10.9 and 7.10.10.

Number of pages including this one (Please provide any other relevant details on additional pages)

For change to allotment, NZSX Listing Rule 7.12.1, a separate advice is required.

Full name of Issuer	Full name of Issuer	NZX Limited	NZX Limited	NZX Limited	NZX Limited	NZX Limited
Name of office make this noti		r autho ce	rised to								Authority for e.g. Director			event, s' resolution
							Graham Law
Contact phone number			04 498 2271														23 11				2018
Nature of event Tick as appropriate			Bonus Issue Rights Issue				If ticked, state whether: Taxable Capital Call Dividend				/ Non Taxable Con If ticked, state F			version ull			Rights Issue Interest X Renouncable
			non-renouncable				change				whether: Interim Y			ear Special DRP Applies
EXISTING securities affected by this Description of the class of securities Subordinated							If more than o				ne security is affected by the even			t, use a separate form ISIN				.
				Subordinated			Notes - NZX010											NZNZXD0010L5
																		If unknown, contact NZX
Details of securities issued pursuant to						this event		If			more than one class of security is			to be issued, ISIN	use a separate form for each class. If unknown, contact NZX Ratio, e.g 1 for 2 for
Description of the class of securities Number of Securities to be issued following event
											Minimum Entitlement							If unknown, contact NZX Ratio, e.g 1 for 2 for
Conversion, Maturity, Call Payable or Exercise Date Strike price per security for a Strike Price available.				ny issue in lieu o	r d						Treatment of Fractions Tick if provide an paripassu OR explanation of the ranking
						ate Enter N/A if not applicable
Monies Associated with Event Amount per security (does not include any excluded income) Excluded income per security (only applicable to listed PIEs) Currency In dollars a					nd	Dividen cents
	Amount per security (does not include any excluded income)
					Interest at 5.40% p.a.paid quarterlyinequal instalments
	Excluded income per security (only applicable to listed PIEs) Currency
					NZD
	Total monies				$540,000							NZSX Listing Rule 7.12.7 Date Payable
Taxation In the case of a taxable bonus issue state strike price							$					Amountper Security in Dollars and cents to six							decimalplaces
									Resident Withholding Tax			Imputation Credit (Give details) $
												$							s
									Foreign Withholding Tax			FDP Credits (Give details) $
												$

Timing (Refer Appendix 8 in the NZSX Listing Rules)

Record Date 5pm Application Date For calculation of entitlements - Also, Call Payable, Dividend / Interest Payable, Exercise Date, Monday, 10 December 2018 Conversion Date. Thursday, 20 December 2018 Notice Date Allotment Date Entitlement letters, call notices, For the issue of new securities. conversion notices mailed Must be within 5 business days of application closing date.

OFFICE USE ONLY

Ex Date: Commence Quoting Rights: Security Code: Cease Quoting Rights 5pm: Commence Quoting New Securities: Security Code: Cease Quoting Old Security 5pm:

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